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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (23949)2/10/2017 8:21:21 PM
From: Goose94Read Replies (1) of 203613
 
ARC Resources (ARX-T) top pick from Norman Levine on BNN.ca Market Call tonite Friday Feb 10th @ 1800ET

ARC is an oil and gas exploration and production company in Western Canada. While it operates in all four Western provinces, the majority of its assets are in the Montney play in Northeastern British Columbia. The recent sale of its Saskatchewan oil assets boosts its natural gas production percentage to 72 per cent versus 28 per cent oil. It is a low-cost and high-quality producer with one of the best managements in the business, which is exactly what you want in this type of environment. We are positive on the long-term outlook for natural gas (much more so than oil), so view the company very favourably here. It reported excellent results earlier this week and we would use the current weakness to buy shares. ARC currently yields 2.9 per cent.
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